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The Latest Breaking News from Cryptocurrency

NEW YORK: The American branch of Binance, the giant cryptocurrency exchange, said late Thursday that it would no longer allow customers to trade on its platform using United States dollars, after its banking partners cut the firm off in response to a crackdown by federal regulators.

Bangkok Post

Binance Exec Hits Back At Jim Cramer’s On-Air FTX Comparison: ‘I Hope You Have Some Evidence’

CNBC "Mad Money" host Jim Cramer, came under fire for his criticisms of cryptocurrency exchange platforms Binance and Coinbase

Zenger

Gary Gensler offered to serve as informal advisor for Binance, the exchange’s lawyers allege

Gensler has since that Zhao and Binance "engaged in an extensive web of deception."

Fortune

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EXCLUSIVE: Bitfinex And Tether CTO Advocates For Crypto Focus On Emerging Markets Over US, Europe

Bitfinex and Tether CTO Paolo Ardoino believes that entities in the industry should rather focus on emerging markets

Zenger

Former NFL minority owner jailed after defrauding pro league in $700 cryptocurrency scam

A million dollar cryptocurrency scam of a now-defunct pro football league has resulted in a prison sentence for a former owner of the NFL's Minnesota Vikings

Daily Mirror

'I dressed like a kid to go undercover in the crypto world and sold a dog photo as an NFT for $20k'

Award-winning journalist Ian Halperin went undercover to lift the lid on the mysterious world of cryptocurrency finding out shocking details about the scale of deaths among the new crypto millionaires

Daily Mirror

SEC crypto crackdown: US regulator sues Binance and Coinbase

Securities and Exchange Commission is targeting cryptocurrency firms it thinks are bypassing regulation

The Guardian - UK

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SEC accuses Coinbase cryptocurrency exchange of breaking US regulations

Securities and Exchange Commission sues platform for allegedly operating as unregistered broker

The Guardian - UK

SEC Sues Coinbase and Binance, World's Two Largest Cryptocurrency Exchanges

The SEC charged leading crypto exchanges Coinbase and Binance with a laundry list of securities law violations, at an already fragile time for the cryptocurrency sector.

Kiplinger

US regulators accuse crypto exchange Binance of violating securities laws

The US Securities and Exchange Commission has filed a lawsuit against cryptocurrency exchange Binance and its CEO, Changpeng Zhao, accusing the platform of engaging in a "web of deception". The SEC's civil complaint lists 13 charges, including operating as an unregistered exchange, and accuses Binance of diverting investor funds to…

France 24

Ex-part owner of Minnesota Vikings gets over six years in cryptocurrency scam

A former Minnesota Vikings part owner who defrauded a short-lived professional football league while carrying out a $700 million cryptocurrency scam has been sentenced to over six years in prison

The Independent UK

Cryptocurrency exchange Binance hits back at SEC lawsuit, saying allegations ‘simply wrong’ – as it happened

US watchdog SEC says company mixed billions in customer funds and secretly sent them to separate company controlled by CEO Changpeng Zhao

The Guardian - UK

SEC says crypto firm Binance mishandled funds, violated securities laws

The world’s largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC

The Independent UK

AI Vs. Bitcoin: Who Reigns Supreme In Battle Of Search Trends?

AI falls short of the unparalleled hype that surrounded the world’s largest cryptocurrency by market capitalization, Bitcoin

Zenger

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Fortune

Binance notified of investigation by Ontario Securities Commission 2 days before saying it would leave Canada

The world’s largest cryptocurrency exchange had previously not disclosed the investigation when it announced its departure from the country.

Fortune

Bitcoin records first monthly loss of 2023 as Fed ponders additional rate hikes

The cryptocurrency fell about 4.6% in May.

Fortune

Ripple fans push the cryptocurrency up as they hope for a positive outcome in court case with SEC

The cryptocurrency is up nearly 8% over the past week.

The Independent UK

Prosecutors say Sam Bankman-Fried's arguments to dismiss cryptocurrency charges are meritless

New York prosecutors say Sam Bankman-Fried's lawyers made meritless arguments in a bid to convince a judge to toss out criminal charges alleging that the FTX founder stole from investors in his multibillion dollar cryptocurrency fund

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Daily Mirror

Shaquille O'Neal tracked down and served by cryptocurrency lawsuit during NBA playoff game

NBA legend Shaquille O'Neal was served legal documents during a broadcast of the Miami Heat's NBA Eastern Conference playoff final game for a complaint on collapsed cryptocurrency exchange FTX

Fortune

Caroline Ellison: How a young math whiz with an appetite for risk became a major player in Sam Bankman-Fried’s corrupt crypto empire

After the fall of the cryptocurrency exchange FTX and the trading firm she ran, Alameda Research, the 28-year-old became an unlikely celebrity—and a public villain.

Fortune

Elon Musk warns investors not to ‘bet the farm on Dogecoin’

The Dogefather strikes again.

Kiplinger

Is Investing in Bitcoin and Other Cryptocurrencies Really Just Gambling?

Politicians in the UK are arguing investing in cryptocurrency is really gambling. A Kiplinger editor weighs in.

The Guardian - UK

Global watchdog calls for UK to regulate crypto in same way as stocks and bonds

Iosco recommendation runs counter to MPs’ stance that cryptocurrency trading should be treated as form of gambling

The Conversation

Crypto trading: politicians who say it should be treated like gambling are completely wrong

Cryptocurrency trading should be regulated in the same way as gambling, according to the UK parliamentary select committee in charge of scrutinising finance. The committee published a report arguing that this was necessary because digital assets such as bitcoin have “no intrinsic value, huge price volatility and no discernible social…

inkl

The Advantages of Choosing Arbitrum (ARB) over Other Layer 2 Solutions

As the cryptocurrency market continues to grow, the importance of scalability and transaction speed becomes more apparent. Layer 2 solutions have emerged as a viable option to address these issues, and Arbitrum (ARB) is quickly becoming a popular choice.

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